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Dec 16, 2012
12/12
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you ask europe, they look at us and say we're better. that's why when we get downgraded, our interest rates fail. but i think we're living on borrowed time. but why -- why none of the political -- why are they playing political games when there are such a real issue out there? >> first, it's more than the flight to safety. something is being done now to a degree that's never been done in the history of the united states. we're self-dealing in our own debt. the federal reserve is now the largest overview of u.s. debt and it's purchasing over 707% of all new u.s. debt issuance and it's done the twist of being able to hole down long-term interest rates to help the economy, help the housing market. if you look at people who are buying their debt, their appetite is getting less, not greater. they're buying short-term debt, not long-term debt because of huge interest rate risks and currency rates over time. and in china, they're looking for corporate bonds and alternative investments rather than u.s. treasury securities. so we are living on bo
you ask europe, they look at us and say we're better. that's why when we get downgraded, our interest rates fail. but i think we're living on borrowed time. but why -- why none of the political -- why are they playing political games when there are such a real issue out there? >> first, it's more than the flight to safety. something is being done now to a degree that's never been done in the history of the united states. we're self-dealing in our own debt. the federal reserve is now the...
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Dec 30, 2012
12/12
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eye 120
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and made us think that we, too, could go out and play. made us think that we could do anything, really. all we had to do was go out and try. my colleagues are sitting in the back. some of my colleagues about the french are betting that boehner will not make it through this. -- in the back are betting that boehner will not make it through this. [laughter] i will not tell the story today that i really wanted to, about arnold palmer and i -- arnold palmer and i, a moment we had 10 or 12 years ago. i guess i'm going to tell the story. [laughter] it was the first championship, and we were on the practice green. i had played at a little bit country club a couple of weeks before that -- latrobe country club in a couple of weeks before that. i saw arnie on the practice green and told him how much i enjoyed playing at latrobe. arnie starts to talk about his dad, and what he great man was he -- what a great man he was. if it were not for his father. i got to talking about my dad. my dad owned a bar. how i would not be what i am if it were not for m
and made us think that we, too, could go out and play. made us think that we could do anything, really. all we had to do was go out and try. my colleagues are sitting in the back. some of my colleagues about the french are betting that boehner will not make it through this. -- in the back are betting that boehner will not make it through this. [laughter] i will not tell the story today that i really wanted to, about arnold palmer and i -- arnold palmer and i, a moment we had 10 or 12 years ago....
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Dec 23, 2012
12/12
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let me just say this about them and us. there is no division between us. that is to say if anyone of us could have reached out to that shooter and pulled away the round, the assault magazine that he had, high performance, whatever they called them, clips, we would have done so. we would -- all of us would have risked our lives, democrats and republicans alike, probably everyone if this room would have pulled that out of their hand. mr. barber said because of some very brave people and i have met them in arizona, of taking that second clip away much more damage would have been done that day. much more unspeakable tragedy as it was. it might have been worse. why wouldn't we officially take that magazine out of the hands of a shooter? that's exactly what this legislation would do. that's exactly what this legislation would do. we would risk our lives to pull it out of the hands of a shooter. let's take a political risk and take it entirely out of the hands. as mr. barber has said and others. we understand the issues about mental health and violence in our soc
let me just say this about them and us. there is no division between us. that is to say if anyone of us could have reached out to that shooter and pulled away the round, the assault magazine that he had, high performance, whatever they called them, clips, we would have done so. we would -- all of us would have risked our lives, democrats and republicans alike, probably everyone if this room would have pulled that out of their hand. mr. barber said because of some very brave people and i have...
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Dec 9, 2012
12/12
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the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will
the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first...
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Dec 16, 2012
12/12
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that gives us some time. my anticipation is that the removal of accommodation after the takeoff point, wherever that occurs, would be relatively gradual. i don't think we are looking at a rapid increase. that depends on where inflation is and other conditions but the path that we are basing these numbers on is one that assumes an increase in the funds rate first occurring sometime after unemployment goes below 6.5% but does not necessarily assume a rapid increase after that. we said we would take a balanced approach. when we get to that point, we may or may not raise rates at that point. we will look at the situation. assuming inflation remains well-controlled, which i fully anticipate -- i think to rate of increase would be moderate -- the exit strategy that we put out is consistent with our statement today because the exit strategy was primarily about how we would normalize the balance sheet over time. we have not made any changes in that and we believe some increase in the size of our balance sheet is cons
that gives us some time. my anticipation is that the removal of accommodation after the takeoff point, wherever that occurs, would be relatively gradual. i don't think we are looking at a rapid increase. that depends on where inflation is and other conditions but the path that we are basing these numbers on is one that assumes an increase in the funds rate first occurring sometime after unemployment goes below 6.5% but does not necessarily assume a rapid increase after that. we said we would...
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Dec 31, 2012
12/12
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it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial markets are watching us and getting warmer -- nervous by the hour. we need to assure the market will of making good financial decisions. this bill is not something i'm excited about or proud to offer. this is not a great plan but merely a better plan been going over the cliff. it should never have come to this. we know for more than a year that this they was coming. for more than a year i have asked congress to fix our fiscal challenges. i pushed strongly for the simpson-bowles framework of deficit reduction. and yet here we are, no closer to a sensible decision on how to bring our $1.1 trillion budget deficit and our $16 trillion public debt under control. guess what? time is up. no more games. no more excuses. no more kicking the can down the road. we have to act and we have to act in a way that puts our fiscal house in order, reassures us the financial markets -- reassures the financial markets, and put people ahead of politics. we have to deal with these tax increas
it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial markets are watching us and getting warmer -- nervous by the hour. we need to assure the market will of making good financial decisions. this bill is not something i'm excited about or proud to offer. this is not a great plan but merely a better plan been going over the cliff. it should never have come to this. we know for more than a year that this they was coming. for more...
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Dec 30, 2012
12/12
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in the loaded back to us to perpetuate our debt system. -- then the load it back to us to perpetuate our debt system. -- then they loan it back to us to perpetuate our debt system. the longer this process continues, the harsher the outcome will be. the financial crisis is actually a moral crisis. many are noticing that a financial crisis looms, but few understand it is a reality of world crisis. it is the moral crisis that has allowed our liberties to be undermined and permits the exponential growth of illegal government power without a clear understanding of the nature of the crisis. it'll be difficult to prevent a steady march towards three and the poverty double company it. the people have to decide -- that will accompany it. the people have to decide what kind of government they want. what we see today is a result of that type of thinking, and the results speak for themselves. a culture of violence. americans now suffer from a culture of violence. it is easy to reject the initiation of violence against one's neighbor, but it is ironic that the people arbitrarily and freely anoint
in the loaded back to us to perpetuate our debt system. -- then the load it back to us to perpetuate our debt system. -- then they loan it back to us to perpetuate our debt system. the longer this process continues, the harsher the outcome will be. the financial crisis is actually a moral crisis. many are noticing that a financial crisis looms, but few understand it is a reality of world crisis. it is the moral crisis that has allowed our liberties to be undermined and permits the exponential...
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Dec 30, 2012
12/12
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we are using #fiscalcliff. you will see all the comments streamed from viewers, reporters, members of congress, and others. c-span.org/fiscalcliff. we understand the democratic caucus meeting made the whole thing up. gina is on the independent line from tennessee. caller: i believe there needs to be a fair tax. all of this planning, we need to look at where we started and how much spending we're doing. the democrats are refusing to quit the spending. it is kind of like they're holding the noose on the gnp -- gop. i used to be a democrat but and now an independent. the entitlements need to be taken care of. i am not talking about social security and medicare. i am talking about food stamps and welfare and all of the people being pandered to since the beginning of 2008. host: you mentioned a fair tax. what do you like about that? what do you mean by that sort of proposal? caller: if you take the income of the ones actual working, actual tax payers, and do it to what they are making, if you make more money, you ar
we are using #fiscalcliff. you will see all the comments streamed from viewers, reporters, members of congress, and others. c-span.org/fiscalcliff. we understand the democratic caucus meeting made the whole thing up. gina is on the independent line from tennessee. caller: i believe there needs to be a fair tax. all of this planning, we need to look at where we started and how much spending we're doing. the democrats are refusing to quit the spending. it is kind of like they're holding the noose...
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119
Dec 8, 2012
12/12
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we need to find more and use less. i think you're asking about the use less part. the extension of the changing fuel efficiency standards was one thing, but we believe fervently in the need to diversify away from using petroleum for transportation and given that it represents 70% of our use of petroleum to begin with. with the change in technology and the access to so much homegrown natural gas, we can use that and we can also use the development of electricity and its usability in automobiles and light trucks. >> what about the role of the government? find more coming years last, and someone has to make sure we are not doing dangerous things, as the admiral pointed out. >> i am a private sector guy, and i believe in the application of private and free markets for the development of our country, but there are times it is clear when the government has an unfortunate role to play. in fred's introductory comments, the argument was very clear. the market for oil, on which we depend, is not a free market. the only way we can respond to that is an activist approach. that
we need to find more and use less. i think you're asking about the use less part. the extension of the changing fuel efficiency standards was one thing, but we believe fervently in the need to diversify away from using petroleum for transportation and given that it represents 70% of our use of petroleum to begin with. with the change in technology and the access to so much homegrown natural gas, we can use that and we can also use the development of electricity and its usability in automobiles...
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105
Dec 31, 2012
12/12
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eye 105
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all of us in the u.k. youth parliament had the power to make change happen and i believe the issue needs to be chosen as our national came in to not only benefit from people today, but benefit young people tomorrow. recent figures show youth unemployment has dropped to 62,000 or 1.2 million. petitioners youth unemployment is still disappointingly high despite current efforts, young people need education and skill development. media says this might become the forgotten generation emphatically, this rings true. creation said that to bring to your attention. firstly, a study found there was an attitude cap room in young people are not coming on us coming on this inevitable advice on jobs they could realistically expire two. support needs to be improved for young people's progress. it's about self-esteem. a job history footing in life in the city of parliament, we must strive to give every young person opportunity to contribute fully to society. work experience introduces some people at the work. it's valuable
all of us in the u.k. youth parliament had the power to make change happen and i believe the issue needs to be chosen as our national came in to not only benefit from people today, but benefit young people tomorrow. recent figures show youth unemployment has dropped to 62,000 or 1.2 million. petitioners youth unemployment is still disappointingly high despite current efforts, young people need education and skill development. media says this might become the forgotten generation emphatically,...
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101
Dec 16, 2012
12/12
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eye 101
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thank you for joining us. we know how tough it is right now, my heart goes out to the families that you represent. for someone that has access to credit, it seems extremely high given the interest rate. i am wondering if we get that percentage done, we get the target that you are looking for. if he were to devise your high ideal business, what would it look like? >> the feedback that we got. >> if you are a successful business, you're lowest interest rate is 6%. >> people have said they can get 1.6%, so going as low as possible, getting the same rate that the individuals that would be a great start. you are asking how much grant money we want? right now, the thing i will say is the challenge -- or one thing that would help to make us more effective, it is more data sharing. i don't have all the data on the business community. fema has a lot of this information and we have had the whole system where they immediately have everyone signed a waiver so that the information can be shared. there is assistance coming
thank you for joining us. we know how tough it is right now, my heart goes out to the families that you represent. for someone that has access to credit, it seems extremely high given the interest rate. i am wondering if we get that percentage done, we get the target that you are looking for. if he were to devise your high ideal business, what would it look like? >> the feedback that we got. >> if you are a successful business, you're lowest interest rate is 6%. >> people have...
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Dec 15, 2012
12/12
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eye 79
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a lot of us have questions that pertain to us. we talk about the guard band it just raises the historical aspects. for me i had great hopes it would provide why fight to rural small town america -- wifi to rural small town america. we all use it. there was no ban. there's nothing there to protect a spill over. we lost this great opportunity for rural america to really have high-speed internet access. i think that is part of this debate of how much is too much. we do not have been crushed and but we have full compensation. >> the discussion about how to get this new opportunity right is the one that we are having. it was a landmark piece of legislation. it embodies a lot of people and the obligation is now on us to get the balance right. and to do something that raises very substantial revenues for the treasury and that drives private investment and innovation including things like what statues anticipate. >> part of the legislation was to make sure we fund to also deployed. part of that debate was some people were saying there is
a lot of us have questions that pertain to us. we talk about the guard band it just raises the historical aspects. for me i had great hopes it would provide why fight to rural small town america -- wifi to rural small town america. we all use it. there was no ban. there's nothing there to protect a spill over. we lost this great opportunity for rural america to really have high-speed internet access. i think that is part of this debate of how much is too much. we do not have been crushed and...
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112
Dec 15, 2012
12/12
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eye 112
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a lot of them used to organize protests. they use to function. we are at a further stage in the organization that is taking place. instead of local committees organized protests, they are trying to expand the services they are providing. this did happen. to see signs that. the camion means and what you have done. without funding none of that can happen. >> let's open it up to questions from the audience. we have one back here. is there some with a microphone? why does he stand up and speak stand up- don't you and speak loudly? [inaudible] >> do we need to repeat the question for the cameras? yes. >> i asked about the role of women in these new efforts their pain currently in the space available for them in the future. >> i have seen in both places there was no women members council. it is very conservative. i participated in damascus as well. i have seen women taking stages. other than that, the council meetings i did not see women. >> things are developing on two levels. did they are developing on the ground in terms a civilian groups and develo
a lot of them used to organize protests. they use to function. we are at a further stage in the organization that is taking place. instead of local committees organized protests, they are trying to expand the services they are providing. this did happen. to see signs that. the camion means and what you have done. without funding none of that can happen. >> let's open it up to questions from the audience. we have one back here. is there some with a microphone? why does he stand up and...